A company specializing in BTC mining will raise hosting rates for its clients

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Ultramining.com

19:40 Oct 22, 2022

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A company specializing in BTC mining will raise hosting rates for its clients

For those who place their virtual coin mining equipment at Core Scientific (CORZ) facilities will increase to 10 cents a kilowatt hour.

According to information provided by CoinDesk, the company was increasing its rates by up to 25 percent. This is due to rising electricity prices.

Citing a source, we note that employees of Core Scientific did not want to give detailed comments on the increase in hosting rates.

It is only known that the increased investment in electricity will be a concern for customers. The increase in utility bills has been observed before. Core Scientific experts hope that electricity prices will eventually stabilize.

Unfortunately, budget hosting is becoming increasingly difficult to find. And this applies not only to the United States, but also to other countries. This is due to the rising prices of electricity and natural gas. Many miners choose the northern European regions, in search of cheap hosting and adequate electricity prices.


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